What is your favourite indicator?

Discussion in 'Indicators and Charting' started by ForexisLIFE, Sep 20, 2018.

  1. ForexisLIFE

    ForexisLIFE Active Member

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    What is your favourite indicator?
     
  2. jack

    jack Administrator Staff Member

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    Price, Volume, and VWAP.
     
    ForexisLIFE likes this.
  3. vtrader21

    vtrader21 Member

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    Pls explain how you use each.
     
  4. ForexisLIFE

    ForexisLIFE Active Member

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    Following
     
  5. jack

    jack Administrator Staff Member

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    Think about it like this:

    Real volume (not tick volume) shows where people are actively dealing and matching trades, thus, increased volume at given prices levels will you a hint where more interested parties are willing to deal / trade. Price discovery happens when price moves away from one area of trading interest until it finds another where people are interested in trading. Thus, we will observe that most moves start and end on increased volume:

    [​IMG]
     
  6. jack

    jack Administrator Staff Member

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    You can google VWAP or search it on investopedia to understand why it's important. :D
     
  7. ForexisLIFE

    ForexisLIFE Active Member

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  8. rod178

    rod178 Well-Known Member

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    Price and Time, that's it
     
  9. ForexisLIFE

    ForexisLIFE Active Member

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    Yeah, I am moving towards just that atm
     

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